Luckin Coffee Inc. (OTCMKTS:LKNCY – Get Free Report) hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $38.03 and last traded at $37.91, with a volume of 4300004 shares traded. The stock had previously closed at $35.64.
Luckin Coffee Stock Performance
The stock’s 50 day moving average price is $30.54 and its 200 day moving average price is $26.32. The company has a market capitalization of $10.61 billion, a P/E ratio of 28.50 and a beta of -0.64.
Luckin Coffee (OTCMKTS:LKNCY – Get Free Report) last issued its quarterly earnings results on Thursday, February 20th. The company reported $0.40 EPS for the quarter, beating analysts’ consensus estimates of $0.22 by $0.18. Luckin Coffee had a net margin of 8.54% and a return on equity of 35.32%. The business had revenue of $1.32 billion for the quarter.
Luckin Coffee Company Profile
Luckin Coffee Inc offers retail services of freshly brewed drinks, and pre-made food and beverage items in the People's Republic of China. It offers hot and iced freshly brewed coffee, such as Americano, Latte, Cappuccino, Macchiato, Flat White, and Mocha, as well as specialty coffee based on market and seasonal trends; coconut milk latte products; tea drinks; pre-made beverages; and pre-made food items, such as pastries, sandwiches, and snacks.
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